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Tameka purchased a Treasury bond with a coupon rate of 3 . 8 5 % p . a . , payable half - yearly, and

Tameka purchased a Treasury bond with a coupon rate of 3.85% p.a., payable half-yearly, and face value of $100. The maturity date of the bond is 15 April 2029.
(b) In fact, Kyah purchased Tameka's bond on 9 February 2018. What was Kyah's purchase price (rounded to four decimal places)? Assume a yield of 4.23% p.a., compounded half-yearly. The correct answer is: 97.8758

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